Apartments in 55406
61 rentals
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$1,095 - $1,495/mo
Studio-2 Beds
1 Bath3962, 3964, 3966 Minnehaha Ave | 3962-3964-3966 Minnehaha Ave,
Minneapolis, MN 55406
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Average Rent Trends in 55406
Rent in 55406 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,310 |
| Nov 2025 | $1,338 |
| Dec 2025 | $1,361 |
| Jan 2026 | $1,356 |
| Feb 2026 | $1,329 |
| Mar 2026 | $1,338 |
| Apr 2026 | $1,322 |
| May 2026 | $1,318 |
| Jun 2026 | $1,435 |
| Jul 2026 | $1,241 |
| Aug 2026 | $1,654 |
| Sep 2026 | $1,403 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,375 | $1,700 | $2,150 | $2,251 | $1,599 |
| Townhomes | — | — | $1,895 | $4,200 | $2,550 |
| Apartments and Condos | $1,450 | $1,695 | $1,900 | — | $1,600 |
| Houses | $800 | $2,100 | $2,349 | $2,251 | $2,150 |
Frequently Asked Questions about Apartments and Condos for rent in 55406
- What is the average rent of an apartment in 55406?The average rent of an apartment in 55406 is $1,417 per month. This is about 27% lower than the national average.
- When is the average rent for an apartment cheapest in 55406?In the last year, the average rent in 55406 was lowest in Mar 2025 when it was $1,258 per month.
- When is the average rent for an apartment most expensive in 55406?In the last year, the average rent in 55406 was highest in Jul 2025 when it was $1,489 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 55406?The average rent of a 1 bedroom apartment in 55406 is $1,210 per month. That is about $47 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 55406?There are 65 available apartments or condos to rent in 55406.
- What are some cities near 55406?Some nearby cities include: Minneapolis, Lauderdale, Falcon Heights, Mendota, Lilydale, Richfield. These cities may have more rental options to explore.
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